Techub News Report, according to the Belarusian National News Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 on January 16th, regarding the regulation of cryptocurrency banks and digital tokens. According to the decree, "cryptocurrency banks" are defined as joint-stock companies authorized to conduct business using digital tokens, while also engaging in banking, payment, and other related financial operations. To enter the market, cryptocurrency banks must register and establish within a high-tech park and be listed in the national bank's cryptocurrency bank registry. When conducting business, they must comply with regulations applicable to non-bank credit financial institutions and follow the decisions of the High-Tech Park Supervisory Board.
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Techub News Report, according to the Belarusian National News Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 on January 16th, regarding the regulation of cryptocurrency banks and digital tokens. According to the decree, "cryptocurrency banks" are defined as joint-stock companies authorized to conduct business using digital tokens, while also engaging in banking, payment, and other related financial operations. To enter the market, cryptocurrency banks must register and establish within a high-tech park and be listed in the national bank's cryptocurrency bank registry. When conducting business, they must comply with regulations applicable to non-bank credit financial institutions and follow the decisions of the High-Tech Park Supervisory Board.